Small-cap company D Nora India closed at market valuation on Thursday 561.60. De Nora India, a subsidiary of the De Nora Group, is a market leader in electro chlorinators, cathodic protection systems, cathodes for the chlor-alkali industry and surface finishing. De Nora is a global leader in manufacturing solutions and services for the production of chlorine, caustic soda and derivatives for the chlor-alkali industry. It is also the largest producer and recoater of noble metal-coated electrodes, electrolyzers and coating solutions for the electrochemical industries in general. De Nora has been active in the electrochemical industry for over 95 years.
Top investors, as per data available on BSE Mukul Agarwal The multibagger stock bought stake in D Nora India during QE Mar 2023, which is up by over 11% in 1 year. Mukul Agarwal held 72,785 equity shares or 1.37% in De Nora India during Q4FY23. Mukul Agarwal publicly owns 51 stocks with a net worth of over Rs. 2,658.0 crore, as per the declared corporate shareholding as on March 31, 2022. During the quarter ending March 2023 or Q4FY23, ISMT Ltd, TAAL Enterprises Ltd and Capacit’e Infraprojects Ltd are the stocks which have Mukul Agarwal Bought a stake and currently has new portfolio stocks including De Nora India.
Shares of De Nora India closed on NSE on Thursday 1,067.00 each level, up 12.54% from the previous close 948.10. The stock has given multibagger returns of 142.09% in last five years and 580% multibagger returns in last three years. The stock’s multibagger return in the last one year was 111.98%, and YTD, it climbed 61.41% in 2023. The stock touched a 52-week high. 1,080.00 (13-Apr-2023) and 52-week low at 460.20 (12-Apr-2022). During Q4FY23, the company reported promoter shareholding of 53.68%, FII holding of 0.56% and public holding of 45.76%.
Commenting on the technical outlook of the stock, AR Ramachandran, Co-Founder & Trainer – Tips2Trades said, “Even though the fundamentals are very good in terms of ROCE and profitability, D Nora India is technically overbought with strong resistance on the daily charts.” Looks like a buyer. 1122. Investors should book profits at current levels and wait for a decline near support 810 to initiate new buy positions.”
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